BroadLight closes $10M financing round
November 17, 2005 Mountain View, CA -- BroadLight has closed a $10 million series D financing round led by Motorola Ventures, the venture capital arm of Motorola Inc.
November 17, 2005 Mountain View, CA -- BroadLight, a supplier of ITU-T semiconductors, software, and transceivers for FTTP deployments, has closed a $10 million series D financing round led by Motorola Ventures, the venture capital arm of Motorola Inc..
"We believe BroadLight has enormous market opportunity in the growing PON fiber market," comments Matthew Growney, managing director of Motorola Ventures. "The company has clearly demonstrated its ability to execute with its BPON product line, and we anticipate the same time-to-market delivery and world-class silicon integration with its upcoming GPON product line."
Motorola Ventures now joins BroadLight's list of investors, which includes Azure Capital Partners, Broadcom, Delta Ventures, Israel Seed Partners, Siemens Venture Capital, Star Ventures, and Tellabs.
"We are extremely pleased to welcome Motorola Ventures as a strategic investor in BroadLight," remarks Andrew Vought, CEO of BroadLight. "We intend to use the additional capital on R&D and sales and marketing as we continue our aggressive pursuit of the world's key GPON designs in 2006."
"The advantage that BroadLight continues to exploit is its unique understanding of PON technology and an ability to integrate silicon to a level that is cost-effective and easy to deploy," adds Anthony Maher, BroadLight's board chairman. "I'm pleased to see other investors such as Motorola Ventures recognize the company's key strengths and its potential for growth in the future."